P2P Lender Loses Libel Case Against Online Information Provider

(Beijing) — A Chinese peer-to-peer (P2P) lending platform lost a yearlong defamation lawsuit on Tuesday, the first case in China dealing with an appraisal dispute in the fast-growing online financing sector.

In 2015, Jiuyi Hengyuan Technology Co. Ltd., the Beijing-based operator of P2P lending platform Duanrong, sued Rong360, an online financing information provider, for twice rating its business as “risky.”